The Carol Ann and Ralph V. Haile, Jr. Foundation is returning to Northern Kentucky, establishing its new home in downtown Covington at Ralph Haile Square—the same building where Ralph V. Haile, Jr. spent much of his professional life.
The foundation is a nonprofit that has funded various civic, cultural and education initiatives around NKY and Greater Cincinnati, including BLINK.
After many years of operating from the Cincinnati side of the Ohio River, the foundation has decided to relocate to the historic former People’s Liberty Bank complex at 6th and Madison, which will open in fall 2025. The space is currently occupied by a US Bank branch.
In February, the city of Covington announced a proposed development incentive for the foundation.
The incentive grants the foundation a 1% payroll tax reimbursement for new jobs it brings to Covington over five years. A non-incentivized five-year retention period would follow.
“Mr. Haile’s former office will be converted into the foundation’s new board room, where the governing body of the foundation will evaluate and determine how best to carry out Mr. and Mrs. Haile’s legacy,” Foundation President & CEO Bernie McKay said in a press release. “This is a homecoming in the best sense of the word.”
Haile, known for his signature bow tie and commitment to revitalizing Covington’s urban core, was CEO of Peoples Liberty Bank and Trust Company. He was a former Army Air Corps pilot behind many projects in Northern Kentucky, including Old Town Plaza, MainStrasse and the Licking Riverside neighborhood.
